APPASIA just break upper downtrend line with volume. If tomorrow buying momentum continue, continuation for Wave 3 is highly anticipated. MA20 crossed MA50, RSI above 50, both pointing up. TAYOR.
Trade ideas for this counter.
price in uptrend but now in retracement period.
On the left side, price breakout and hidden base formed where inside bar is confluence at lower time frame.
Target buy when price enter the green zone.
CAN-CAN pattern will completely form if price suddenly fall..
Tayor.
APPASIA closed in the red again and is on course to complete the phase of the correction wave c. Either the price will stop on the trendline or cross below the trendline remains to be seen.
Fall in love with VCP setup trading and would like to share my analysis about VCP trading.
Seems like APPASIA has undergo 3 round of contraction with each contraction smaller that previous!
C1: ~38%
C2: ~16%
C3: ~6%
I believe price will form a pivot point at current stage.
Is a good entry for 1st position.
Once it break 0.740, you can top up for 2nd position....
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment...
Price break the long down trend line with surging volume. Momentum still maintaining strong with closing 1st half of 71c.
Currently reward to risk ratio remains high. Lets see Will be become >1 ?
Appasia membentuk pattern. sekarang muncul doji candlestick. apakah akan membuat pullback??
Jika berjaya bertahan di support 0.585, mungkin akan teruskan kenaikan untuk membentuk wave 5.
Jika jatuh di bawah 0.585, mungkin akan menuju ke support 0.510. (0.618 retracement)
***sama2 kita nantikan. hanya untuk kajian. bukan buycall.
